Category: Exploration and Development

J. Duane Poliquin, Chairman of Almadex commented, “We are very excited to report these first assays from the very northern part of the large Villa Rica Zone. We believe that these results are proof of large scale porphyry potential in this part of the project. While we have demonstrated the potential for a significant deposit with our Norte drilling, today’s first pass results at Raya Tembrillo clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits.”

The field program currently underway will consist of geochemical rock and soil sampling, geological field mapping, and a 7.4 line-kilometer Induced Polarization geophysical survey. The IP survey will include 2 east-west lines between the existing IP data and the Mulatos mine boundary to the south (2,100 meters each) and one north-south line targeting the center of the felsic dome which has been identified. The primary objective of this field program is to further define drill targets with the anticipation of drilling in the first quarter of 2018.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “These results are building on our previous drilling and underground sampling program, which has demonstrated intact semi-continuous high-grade mineralization for the Las Chispas and Giovanni veins. As part of our expanded Phase II Exploration Program, we intend to continue with underground drilling and channel sampling on the Las Chispas and Giovanni veins through Q1 2018. We remain on track to deliver a maiden resource estimate in Q1 2018 which will include the Las Chispas, Giovanni, William Tell and Babicanora veins.”

La empresa multinacional Sandvik abrió un centro de distribución en el parque industrial de Calera que ofertará cerca de 300 empleos a los zacatecanos y fortalecerá el corredor industrial de la zona centro-norte del país.

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Our continued step-out drilling along the strike of the Babicanora Vein has added another 400 metres to the previously announced high-grade footprint, bringing the total strike length to one kilometre. The Babicanora Vein has clearly developed into the most significant source of high-grade mineralization in the district. We are planning an additional 10 to 15 surface holes at the Babicanora Vein to infill recent results and test for further extensions before mid-January 2018. In addition, we will continue underground drilling at the Las Chispas and Giovanni veins. Drilling to date has intercepted areas of high-grade mineralization in all targeted veins, warranting further drilling to better define continuity and volume. We remain on track to complete our expanded Phase II program by mid-January 2018 in anticipation of releasing a maiden resource estimate for the Las Chispas Property in February 2018.”

Akiba Leisman, Executive Chairman and Interim CEO states that “this is a watershed moment for the La Trinidad Mine. Following up on an extensive review of geochemistry, geophysics, surface mapping and trenching at Colinas, we were able to hone in on an additional and potentially significant gold zone within our permitted mining boundary. In fact, the Colinas target area is a shorter haul distance to our processing infrastructure than where we are currently mining within the Taunus pit. The first two holes at Colinas, of which the first was abandoned mid-hole, have returned multiple high grade intercepts, highlighted by 10.57 g/t Au over 6.00 meters in hole 17COLDDH02. Most importantly, drilling thus far is suggesting that the gold-hosting structural corridor needs to be reinterpreted 100 meters to the west, leaving large areas of prospective ground untested.”

“The phase one exploration program at Cerro Cascaron has successfully demonstrated the size potential of the Cascaron vein field with extensions of all veins to the north of high-grade gold sampled in old workings. The latest sampling of ore grades and widths at the silver-rich Cascarita prospect presents an exciting new development” commented Vice President of New Opportunities and Exploration, Charles Funk. “We look forward to Harvest Gold drilling these targets in 2018.”

Harvest Gold Corporation and Evrim Resources Corp. are pleased to announce the completion of the phase one exploration program at the high-grade Cerro Cascaron gold-silver project in Mexico. The combined Evrim/Harvest geological teams have begun the work to define drill targets and will meet in Vancouver next week to finalize and prioritize these targets.

Commenting on the drilling, Azure’s Managing Director, Mr Tony Rovira said: “This maiden drilling campaign has exceeded our expectations and confirmed the presence of high-grade gold and cobalt mineralisation over significant widths. The spectacular cobalt grades in hole DSA-03 are up there with the highest I’ve ever seen and, encouragingly, the mineralisation starts at surface and remains open in all directions. These wide, high-grade zones host strong gold mineralisation consistently assaying in the range of 10g/t to 60g/t and cobalt grading from 1% to 6%. We believe there’s good potential for a high-value body of gold and cobalt mineralisation to be defined at Sara Alicia, and further exploration will be undertaken to identify the size potential.”

The first of two underground rigs mobilised to Cuddy LV5.4 over the weekend where it will target the current Mineral Resource with 8 holes before the year’s end.